CITY OFFICE REIT INC (CIO) Stock Fundamental Analysis
NYSE:CIO - New York Stock Exchange, Inc. - US1785871013 - REIT - Currency: USD
Taking everything into account, CIO scores 3 out of 10 in our fundamental rating. CIO was compared to 130 industry peers in the Diversified REITs industry. CIO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CIO does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
CIO had negative earnings in the past year.
CIO had a positive operating cash flow in the past year.
In multiple years CIO reported negative net income over the last 5 years.
Each year in the past 5 years CIO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CIO (-1.82%) is worse than 71.54% of its industry peers.
Looking at the Return On Equity, with a value of -3.61%, CIO is doing worse than 66.15% of the companies in the same industry.
With a Return On Invested Capital value of 1.48%, CIO is not doing good in the industry: 78.46% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for CIO is in line with the industry average of 3.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.82% | ||
| ROE | -3.61% | ||
| ROIC | 1.48% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
1.3 Margins
The Operating Margin of CIO (15.58%) is worse than 65.38% of its industry peers.
CIO's Operating Margin has declined in the last couple of years.
CIO has a worse Gross Margin (59.74%) than 68.46% of its industry peers.
CIO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.58% | ||
| PM (TTM) | N/A | ||
| GM | 59.74% |
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
2. Health
2.1 Basic Checks
CIO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CIO has more shares outstanding than it did 1 year ago.
CIO has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CIO is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.61, we must say that CIO is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of CIO (0.61) is comparable to the rest of the industry.
CIO has a debt to FCF ratio of 32.33. This is a negative value and a sign of low solvency as CIO would need 32.33 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 32.33, CIO is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
A Debt/Equity ratio of 0.89 indicates that CIO is somewhat dependend on debt financing.
CIO's Debt to Equity ratio of 0.89 is fine compared to the rest of the industry. CIO outperforms 66.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 32.33 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.23
WACC6.53%
2.3 Liquidity
CIO has a Current Ratio of 2.10. This indicates that CIO is financially healthy and has no problem in meeting its short term obligations.
CIO has a better Current ratio (2.10) than 81.54% of its industry peers.
CIO has a Quick Ratio of 2.10. This indicates that CIO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.10, CIO belongs to the top of the industry, outperforming 81.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 |
3. Growth
3.1 Past
CIO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -132.14%.
CIO shows a decrease in Revenue. In the last year, the revenue decreased by -4.92%.
CIO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.83% yearly.
EPS 1Y (TTM)-132.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
Revenue 1Y (TTM)-4.92%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%-5.02%
3.2 Future
Based on estimates for the next years, CIO will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.58% on average per year.
The Revenue is expected to grow by 2.23% on average over the next years.
EPS Next Y35.65%
EPS Next 2Y20.59%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue Next Year-0.36%
Revenue Next 2Y1.66%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for CIO. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CIO. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
CIO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. CIO is cheaper than 80.77% of the companies in the same industry.
86.15% of the companies in the same industry are more expensive than CIO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.97 | ||
| EV/EBITDA | 10.56 |
4.3 Compensation for Growth
CIO's earnings are expected to grow with 15.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y20.59%
EPS Next 3Y15.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.80%, CIO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.46, CIO has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, CIO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
5.2 History
The dividend of CIO decreases each year by -10.58%.
CIO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-10.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CIO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-89.69%
EPS Next 2Y20.59%
EPS Next 3Y15.58%
NYSE:CIO (7/30/2025, 3:01:46 PM)
6.93
+0.01 (+0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners63.65%
Inst Owner Change1.03%
Ins Owners4.33%
Ins Owner Change0%
Market Cap279.69M
Analysts75.56
Price Target6.2 (-10.53%)
Short Float %1.05%
Short Ratio1.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
Yearly Dividend0.59
Dividend Growth(5Y)-10.58%
DP-89.69%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-103.31%
Min EPS beat(2)-217.5%
Max EPS beat(2)10.89%
EPS beat(4)2
Avg EPS beat(4)-65.11%
Min EPS beat(4)-217.5%
Max EPS beat(4)10.89%
EPS beat(8)5
Avg EPS beat(8)-34.24%
EPS beat(12)7
Avg EPS beat(12)-60.8%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.04%
Min Revenue beat(2)-2.8%
Max Revenue beat(2)-1.28%
Revenue beat(4)0
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)-0.44%
Revenue beat(8)1
Avg Revenue beat(8)-1.12%
Revenue beat(12)4
Avg Revenue beat(12)-0.52%
Revenue beat(16)7
Avg Revenue beat(16)0.15%
PT rev (1m)0%
PT rev (3m)-1.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.62%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.66 | ||
| P/FCF | 13.97 | ||
| P/OCF | 5.13 | ||
| P/B | 0.39 | ||
| P/tB | 0.4 | ||
| EV/EBITDA | 10.56 |
EPS(TTM)-0.65
EYN/A
EPS(NY)-0.34
Fwd EYN/A
FCF(TTM)0.5
FCFY7.16%
OCF(TTM)1.35
OCFY19.51%
SpS4.18
BVpS17.98
TBVpS17.17
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.82% | ||
| ROE | -3.61% | ||
| ROCE | 1.88% | ||
| ROIC | 1.48% | ||
| ROICexc | 1.51% | ||
| ROICexgc | 1.55% | ||
| OM | 15.58% | ||
| PM (TTM) | N/A | ||
| GM | 59.74% | ||
| FCFM | 11.86% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
ROICexc(3y)1.72%
ROICexc(5y)1.83%
ROICexgc(3y)1.79%
ROICexgc(5y)1.9%
ROCE(3y)2.14%
ROCE(5y)2.27%
ROICexcg growth 3Y-4.09%
ROICexcg growth 5Y-6.09%
ROICexc growth 3Y-3.25%
ROICexc growth 5Y-5.38%
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
F-Score2
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 32.33 | ||
| Debt/EBITDA | 7.56 | ||
| Cap/Depr | 58.16% | ||
| Cap/Sales | 20.45% | ||
| Interest Coverage | 0.76 | ||
| Cash Conversion | 63.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 | ||
| Altman-Z | 0.61 |
F-Score2
WACC6.53%
ROIC/WACC0.23
Cap/Depr(3y)52.99%
Cap/Depr(5y)267.48%
Cap/Sales(3y)18.45%
Cap/Sales(5y)93.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-132.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-50%
EPS Next Y35.65%
EPS Next 2Y20.59%
EPS Next 3Y15.58%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.92%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%-5.02%
Revenue Next Year-0.36%
Revenue Next 2Y1.66%
Revenue Next 3Y2.23%
Revenue Next 5YN/A
EBIT growth 1Y-12.48%
EBIT growth 3Y-6.49%
EBIT growth 5Y-1.18%
EBIT Next Year237.57%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-68.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-48.48%
OCF growth 3Y-7.01%
OCF growth 5Y3.53%